Trump tax plan

Tax Reform 2.0 would make permanent the lower individual tax rates in last year’s Tax Cuts and Jobs Act that are scheduled to expire in 2025.

The plan for a second tax reform bill is galvanizing municipal market groups to step up lobbying efforts to tout the importance and benefits of munis to lawmakers on Capitol Hill.

The 1.2-percentage point reduction will amount to $12,000 in saving on a $1 million tax settlement.

The loss of the SALT deduction cost New Yorkers an additional $14.3 billion in 2018, state Attorney General Barbara Underwood told the Citizens Budget Commission.

George Callas most recently was senior tax counsel to House Speaker Paul Ryan and was a chief architect of the tax reform legislation enacted in December.

A Civil War-era revenue measure is the centerpiece of the arguments in the lawsuit filed by four northeastern states.

New York, New Jersey, Connecticut and Maryland claim the state and local tax deduction is essential to prevent federal tax powers from interfering with constitutionally guaranteed state rights.

A large share of the refundings that saved the city hundreds of millions of dollars wouldn't be possible now that advance refundings are eliminated, a city official said.

Georgia used an internet presentation and an investor platform to highlight its credit strengths before its annual general obligation bond sale.

The loss of advance refunding hurts community control and stymies local infrastructure investment.